Guide to Buy New Flats in Mohali

And with the increasing demand of housing and the increasing lifestyle of most of the people, anyone wants a well equipped flat that would have all other extra facilities of gym, swimming

Everyone wants to own an apartment from a reputed dealer and with all the basic facilities available at present. It is necessary to know the origin of the property and the present stage of the property before buying it, so here is the ultimate guide to buy new flats in Mohali.

The main factors that one should look for while buying a new property are:

Your requirements- it is after all your home, and you would know what your requirements are. It takes a lot of care to buy a new flat. Not only does it involve a huge investment, but also a dream. The requirement of a buyer might differ from one to another depending on their lifestyle, the size of family, preference, and much more. Other factors that need to be focused up on are financing, real estate service providers, paperwork and other serious legal issues.

Legal aspects- it is very necessary to look into the legal matters to avoid hassles. The buyer must be sure that the developer has BOC approved from Municipal Corporation or Area development authority, water supply, sewage board and many other such authorities. It is also necessary to check if the developer has specified titles in the development agreement. Any bank, before giving a home loan would conduct a legal check and as a buyer, you will be confident about the property you would buy.

Taxes and duties-It are advisable to appoint a solicitor to inspect the original title documents of the property its final purchase is made. Never secure any ownership in a hurry without subjecting all the property records through repeated legal scrutiny. Any service tax would be beneficial in making the final choice of property.

And if the flat is under construction then the person should as for the allotment papers without fail and check if the development agreement is approved by both the landlord and the developer. Check on the taxes those are applicable as well.

These are the very simple and important guide for a buyer who is looking for new flats in Mohal i. Follow the above-mentioned steps and get you dream flat soon.

Noida Extension has seen a development in the sale of residential flats. The area saw an enormous climb in units sold from luxury segment. Different reports suggested that the real estate in Noida saw a critical scaling in the sale of apartments in Noida Extension.